Building for Sale

An investment property with a total built area of 347,55 m² (261 m² of main living space) is available for sale in the vibrant and rapidly redeveloping district of Piraeus. Ideally located just minutes on foot from the port, metro station, Mikrolimano waterfront, and the Piraeus Tower, this property combines strategic positioning with exceptional redevelopment potential. The building sits on a 128 m² plot with a building coefficient (FAR) of 3, offering additional buildable volume and the possibility to add another floor. It includes a 94 m² basement with storage areas and garden access, a 77 m² ground floor apartment featuring two bedrooms, a separate kitchen, bathroom, living-dining area, and two balconies, as well as two upper-floor apartments of 88 m² each on the 1st and 2nd floors, with similar layouts and both front and rear balconies. On the rooftop, there is an 8 m² room. The property includes a shaft for elevator installation. The building is ideal for full renovation and conversion into 6 to 8 autonomous units (38–45 m²), well-suited for short- or mid-term rental use. The rooftop could be transformed into a resident-exclusive lounge or brunch bar, increasing potential revenue. With a projected net annual return of 10.1% upon renovation and repositioning, this is a rare opportunity for investors seeking strong income generation and long-term capital appreciation in one of the most up-and-coming coastal neighborhoods in Greater Athens. https://marketplace.theprosperty.com/listings/13607 ☎️ 210 6812500.